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731 South New Hampshire Avenue

731 South New Hampshire Avenue, Los Angeles, CA 90005
Sold Apr 09, 2021
$3,100,000
$1,860,000 by First Republic Bank
Mortgage
Local assessors in Los Angeles, CA have categorized 731 South New Hampshire Avenue as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 9,000 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 13 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 18 full bathrooms. There are also 18 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 731 South New Hampshire Avenue has a total of 8,362 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 731 South New Hampshire Avenue sold most recently in Feb 11, 2021 for a total of $3,100,000. If you work out the math, that's approximately a cost of $370.72 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $38,738 in taxes each year. 731 South New Hampshire Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,225,240. If we break it down further, the land itself was valued at $2,184,840. Improvements to the property, however, were assessed at a total of $1,040,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 13
  • Bathroom Count: 18
  • Full Bathrooms: 18
  • Partial Bathrooms: 18
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 17
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 8,362
  • Gross Building Area: 8,362
  • Building Area: 8,362
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 8,362
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILSHIRE BOULEVARD HEIGHTS
  • Land Acres: 0.207
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: WILSHIRE BOULEVARD HEIGHTS S 25 FT OF LOT 6 AND N 35 FT OF LOT/SEC 7 BLK/DIV/TWN G

Ownership

  • Current Owner : 731 S NEW HAMPSHIRE LLC
  • Previous Owner : WONG DAVID H
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 212303

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 43-F2
  • Parcel: 5094-010-005
  • Block: G
  • Lot: 6
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0588
  • Longitude: -118.293

    Address

  • Full Address: 731 S New Hampshire Ave
  • Address - House Number: 731
  • Street Direction: S
  • Address - Street Name: New Hampshire
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C036
  • 4-Digit Zip Code: 1877
  • Zip Code: 90005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,738
  • Tax Rate Code Area: 06-657

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 3,087,565
  • High Value: 3,770,049
  • Low Value: 2,405,080

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,860,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Apr 09, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,860,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,225,240
  • Assessed Land Value: $2,184,840
  • Assessed Improvements Value: $1,040,400

    Sales

  • Current Sale Contract Date: Feb 11, 2021
  • Current Sale Recording Date: Apr 09, 2021
  • Current Sale Transaction ID: 11830410698
  • Current Sale Price: $3,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0565373

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Apr 09, 2021
  • First Mortgage Loan Amount: $1,860,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 731 South New Hampshire Avenue located in?
The 731 South New Hampshire Avenue is a located in the neighborhood of Wilshire Center - Koreatown in Central LA, Los Angeles.
What is the average sales price for listings in 731 South New Hampshire Avenue?
The average sales price for units in 731 South New Hampshire Avenue is $0 currently.

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